Illiquid Equity, Labor Mobility, and Talent Allocation

D Bias - Swedish House of Finance Research Paper, 2021 - papers.ssrn.com
Using stock market shocks to randomize the completion of a firm's liquidity event, I provide
evidence that illiquid equity constrains labor mobility and talent allocation. I find that …

Exploring the Knowledge Gaps of Crowdfunding Firms: A Survey of Crowdfunding Firms and Auditors

J Aland - Aland, J.(2022). Exploring the Knowledge Gaps of …, 2022 - papers.ssrn.com
Prior research shows that the accounting and financial reporting quality of startups and early-
stage firms is lower than that of public firms and firms later in their life-cycle. A growing …